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20121202
20121210
Search Results 0 to 16 of about 17 (some duplicates have been removed)
news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if that includes cutting staff. and the need to slim down is not ique to citi; it's indtry- wide. a financial industry runs into huge problems. it happened in the '30s, and it happened in the last five years. when you go through these periods, you go through a lot of change. that industry is now trying to figure out what is the right size of the industry. >> reporter: still, economists say citi's action today is not the start of a new wave of mass layoffs across corporate america. the nation's job market may not be robust, but it's not frozen, either. in fact, today, the payroll firm a.d.p. reported 118,000 new private sector jobs were
of the most visited holiday landmarks in the city. and tom, the big board's tree is embroiled in a twitter battle for bragging rights as the city's best with another famous tree, the one at rockefeller center.. >> on my way to work this morning, i saw the tree by the new york stock exchange, and it looks pretty impressive. >> tom: we saw you putting ornaments on it. but the trees are tweeting? is that right? >> susie: not quite right, and those trees are a little too high for me to reach to put an ornament. that's "nightly business report" for tuesday, december 4. have a great evening, everyone, and you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
york city's lincoln center, ford introduced the new lincoln mkz sedan, one of four luxury, and fuel efficient models coming out over the next four years. >> no oneffers a car that's more fuel he fishant than the this hybrid no one offers a vehicle with the kind of craftsmanship and beautifully skimp find interior that we val. and when you drive it, it's going to be as fun to drive as a bmw but as quiet and comfortable at a lexus. >> susie: this is ford's latest campaign to stage a comeback for lincoln. when i talked to the c.e.o. alan mall ally i asked him if this is his last push to save the brand. >> we haven't focused on lincoln over the last few years because we had these other luxuryrands. i think this is almost a beginning because now everybody knows that what ford did with ford, and now they all know ford is going to be 100% laser focused on lincoln. >> susie: when people think of a luxury car they think mercedes, bmw, not a lincoln. so how are you going to compete against those upscale brands? >> less than ten years ago lincoln was the number one luxury brand in the united s
and for investors is that companies are going to start laying off workers. we saw this week that cities he annnced 11,000 job cuts, is this the beginning of a trend, mark. >> no, susie, i don't think so. if washington can reasonably address the fiscal issues and i'm still confident that they will ultimately get it together. there will be a fair amount of -- but at the end of the day they'll get it together. if they're able to do that when we get into next spring, i do think we're going into much better shape. businesses will get it back and certainly investor will be happy about that. by this time next year i think we should see a much better job market because the housing whichs alrdy sarting to turn should be in full swing. so no, i don't think businesses are going to pull back. the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> wel
Search Results 0 to 16 of about 17 (some duplicates have been removed)